Digal plans Bucharest project

Digal Investments and Holdings announced Monday that it acquired land to develop a 250-unit residential building in Bucharest, Romania with a €7.5 million investment.

Digal Investments and Holdings announced Monday that it acquired land to develop a 250-unit residential building in Bucharest, Romania with a €7.5 million investment. The development is expected to bring in pre-tax revenues of €15m.-20m. Digal also said it is in advanced negotiations with foreign companies to acquire two additional properties totaling about 15 acres, and hopes to develop a combined 2,000 residential units.